Cox Automotive’s logistics brand is unveiling new market intelligence capabilities. Central Dispatch said the new offerings, including an artificial intelligence-powered pricing tool, application programming interface for pricing insights, enterprise data file and market report, give dealers, transportation brokers and carriers “actionable insights” to “help move their businesses forward.” The latest enhancements, Central Dispatch said, are […] [Read More]

Succession planning is one of the most critical yet often overlooked aspects of owning and operating an automotive dealership. It’s not just about preparing for the future; it’s about ensuring success today and setting the foundation for long-term stability and growth. Succession planning should be a high priority for every dealer principal, as it involves […] [Read More]

The newest research by Santander Holdings USA reinforced a long-held belief by auto finance companies, especially ones that work with consumers who might not be the wealthiest or have softer credit backgrounds: Access to a vehicle remains essential to financial prosperity. Santander made that assertion last week after its new survey findings showed middle-income consumers […] [Read More]

Like the scorecard symbol for birdie, the intersection of golf and automotive has come full circle for Quade Cummins. The PGA Tour professional, whose parents own Oklahoma’s Cummins Auto Group, grew up in the family dealership business, but also learning golf from his grandfather. The first All-American in the history of the University of Oklahoma […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Alex Rawitz, who is co-founder and chief operating officer  of DIMO. Rawitz described the conundrum of balancing connected cars and consumer privacy in ways that can still help dealerships. Listen to the […] [Read More]

Big Time Advertising founder and CEO Terry MacCauley acknowledged the first month of 2025 is just about in the books already. Perhaps your dealership has had a great start to the year. Or maybe your operation has endured a colder month than the near foot of snow that fell in New Orleans last week. MacCauley […] [Read More]

The decline of Canadian wholesale used-vehicle values has slowed to a crawl. Canadian Black Book’s weekly Market Insights report for the week ending Jan. 25 showed the overall market down just 0.10%, following the previous week’s 0.17% decrease. Truck/SUV values nearly broke even for the week, finishing down a mere 0.01%, with five of the […] [Read More]

Perhaps finance companies and dealerships can take solace in the seven-word sentence Federal Reserve chair Jerome Powell said during his opening statement on Wednesday after the Federal Open Market Committee (FOMC) decided to maintain the target range for the federal funds rate at 4.25% to 4.5%. “We are not on any preset course,” Powell said. […] [Read More]

The wholesale car market rang in the year with two major acquisitions involving corporate entities and large players in the space:  On Friday, Cars Commerce announced the acquisition of DealerClub, a reputation-based dealer-to-dealer digital wholesale auction founded last year by ACV founder Joe Neiman, for approximately $25 million, plus additional performance-based considerations.  Just four days earlier, America’s Group announced the purchase of  AuctionVcommerce, a tech platform provider in the auto auction space. That move continues ... [Read More]

Private equity investment firm Sverica Capital Management announced it has closed on a continuation fund transaction for Stream Companies Holdings, a provider of marketing software and services for auto dealers and OEMs. In a news release, Sverica said the transaction marks a milestone in its partnership with Stream and underscores its continued commitment toward supporting […] [Read More]